Harts Range Project Final Surrender Report EL 33109 for the period 12 September 2023 to 12 September 2024

Abstract

The Exploration Licence EL 33109 is located in Harts Range Area, which is approximately 170km northeast of Alice Springs. Access to the project area from Alice Springs is achieved by taking the all-season sealed Stuart Highway northward, followed by Plenty Highway eastward, then with some bush tracks to reach the tenement area. This licence was granted to Prospect Ores Pty Ltd since 12 Sep 2022 with 6 years period, and total area is 8 blocks. This project is entirely situated within the Entia Dome, positioned in the eastern Arunta Region. It constitutes a segment of the Aileron Province, a window of Palaeoproterozoic basement rocks in an area dominated by the Neoproterozoic to Palaeozoic Irindina Province. Historically, the project area is considered prospective for Ni-Cu-PGE mineralisation associated with mafic and ultramafic intrusions. Vein-style REE-Th-U mineralisation has also been identified in the area as well as multiple occurrences of mica. Certain areas also identified gossans with anomalous values of Au and Cu. During the reporting period, the company compiled historical data and reports and conducted literature review. No field work has been conducted during the reporting period. Upon reviewing the literature and historical data, the project area is deemed highly prospective for Pegmatites hosted REE and Lithium mineralisation. Past exploration has focussed on Uranium potential in this area with little consideration to base metal prospectivity and may not have been adequately tested with modern exploration techniques which may suggest there is further technical upside to exploration in the area. However, Prospect Ores Pty Ltd surrendered the tenement due to its company strategy and budget planning.